Question: Using the following table, what is the present value of $63,000 to be received in five years, if the market rate is 6% compounded

Using the following table, what is the present value of $63,000 to be received in five years, if the market rate is 6% compounded annually? Round to the nearest whole number. Periods 5% 6% 7% 10% 1 0.95238 0.94340 0.93458 0.90909 0.90703 0.89000 0.87344 0.82645 3 0.86384 0.83962 0.81630 0.75132 4 0.82270 0.79209 0.76290 0.68301 0.78353 0.74726 0.71299 0.62092 0.74622 0.70496 0.66634 0.56447 7. 0.71068 0.66506 0.62275 0.51316 0.67684 0.62741 0.58201 0.46651 9. 0.64461 0.59190 0.54393 0.42410 10 0.61391 0.55840 0.50835 0.38554 6.

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